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Jul 23, 2011 12:00pm PDT
? >> and now "bbc newsnight." >>> the news corp. boss and his son were defined as they said they had no knowledge of wrongdoing, but our shareholders happy? >> the admission from rupert murdoch that he knew little or nothing about what was happening in certain parts of his business empire does not encourage confidence. >> a much anticipated event, but did it deliver? will anything change? >> i am an optimist. i think if they did not change, that we will get a more accountable and responsible press that is not capable of committing criminal acts. >>> rupert murdoch and his son, james, faced a grilling as british politicians attempted to find out if they know anything about alleged phone hacking. both denied any knowledge of wrongdoing and were apologetic about what went on. he described the day as the most humble of his life. investors seemingly approved of what was said. news corp.'s share price rose by the close of sale tuesday. has the storm been weathered? has dominatedng politics here for weeks, but is it just a storm in a british teacup? a global tycoon like rupert murdoch must
Jul 16, 2011 12:00pm PDT
for rupert murdoch's news corp.. the fbi has involved itself and says it has opened a preliminary inquiry into allegations that news corp. journalists sought to gain access to the phone records of victims of the september 11th attacks. members of congress from both parties have called for an inquiry as to whether u.s. citizens were being targeted. i spoke to senator barbara boxer, who sent a letter to the department of justice asking for a full investigation. but first, how the crisis has spread. >> rupert murdoch's troubles may have broken out in the british corner of his empire, but the contagion is spreading fast to his businesses worldwide. in his home and australia, where he owns almost 150 titles, the company is checking all editorial content from the past five years. politicians are wary. >> i have been pretty shocked and disgusted to see the revelations we have seen in the united kingdom's, some of the things that have been done to intrude on people's privacy. >> more seriously, the contagion spread to murdoch's adopted home, the united states, where he is now a naturalized citize
Jul 18, 2011 7:00am EDT
commander in afghanistan hands over control to become the new head. not surprising, news corp. is in focus. they are making headlines around the world. >> this is a gathering storm. investors around the world are piling on the pressure. news corp. is traded in sydney and new york. was the australian investor's but got to react to the news over the weekend. the resignation of their office scandal, the rest of rebekah brooks -- the of rest of rebekah brooks, news corp. closed down over 4%. overall, the biggest picture since the beginning of july, news corp. has lost $10 billion, just wiped off their value. i mention storm clouds, as you said, they are coming from all directions at the moment. politicians calling for their own investigation in the united states. two possible investigations from the department of justice. stop the press, they make one- third of their revenue from basically holding that license. on top of that, the ongoing pressure for political investigations. we were told that all of this could cause news corp. to think about its commitment. saying it would have very negativ
Jul 18, 2011 9:00pm EDT
parent, a company you may have heard of, news corp. news corp. had a u.s.-based company called news america marketing that was already involved in the supermarket advertising business but really wanted in on the awesome floor ads. the only problem was this small new jersey company, floor graphics, was dominating the market. you say problem, news corp. says opportunity. news corp. set its sights on taking this little company down. they had the right guy to do it, according to a fortune magazine profile, crushes a rival's skull with a baseball bat. who better to take down this puny company than the baseball bat crusher guy. rupert murdoch's news america began to play hardball with floor graphics so so much so that in 2006 floor graphics had enough, filed an unfair news practice against news america. by breaking into our password protected computer system and obtaining proprietary information. this complaint filed in new jersey federal court in 2006 accuses rupert murdoch's american supermarkets services companies of hacking into their computer data base. on at least 11 separate occasi
Jul 13, 2011 6:30pm PDT
mounts from a phone hacking scandal, news corp pulls the plug on a $12 billion deal. we look at the hit to rupert murdoch's giant media empire. it's "nightly business report" for wednesday, july 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody's investor service placed the government's bond rating on review for possible downgrade. without a debt deal on capitol hill, moody's points to a "small but rising risk of a short-lived default" tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. >> tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman's testimony but b
Jul 19, 2011 1:00am PDT
tonight. >>> i'm zain verjee at cnn in london. in britain, members of parliament will pepper news corp chief rupert murdoch with tough questions later today, outraged over a string of allegations reporters for the paper hacked mobile phones to get scoops. murdoch's apologized. much more on the story justice ahead on "world business today." one of the first journal itss who exposed phone hacking by "news of the world" has been found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. >>> a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. >>> the women's world cup team soaked up the limelight after bringing japan its first cup title. japan's the first asian nation with a world cup championship. those are the headlines. auto' jane verjee at cnn in london. "world business today" starts now. >> a very good afternoon to you from cnn hong kong, i'm ali
Jul 13, 2011 5:30pm PDT
again for us tonight. stephanie, good evening. >> reporter: good evening, brian. well, news corps got beaten up all day today by british politicians both before and after they dropped out of the bid. one of their fiercest critics, former prime minister gordon brown, who accused murdock's papers of law breaking on what he calls an industrial scale. >> order! order! >> reporter: in parliament today politicians for once found something they could agree on. rupert murdock's news corporation, they said should drop its bid for british tv network bskyb. >> they've got to stop talking about mergers until they sort out the mess they created. >> reporter: but even before they voted, news corps, beat them to it. >> they have decided in the last few moments that it will withdraw. >> reporter: announcing they would walk away from the biggest merger in the corporation's history, potentially worth billions, in a statement they said they would walk away from a deal potentially worth billions. the company said it has become clear that it is too difficult to progress in this climate. the climate turned
Jul 12, 2011 4:00am EDT
charred news corp's reputation but haven't dissuaded him to take over the satellite tv company british sky broadcasting. news corp decided to let regulators rather than lawmakers have the final say on the taker. >> reporter: rupert murdoch has upped the stakes to take over bskyb. until the hacking scandal hit its empire last week it was skpted murdoch would be allowed to buy the 60% his news corp doesn't already own. on monday news corp formally withdrew pledges to sell off sky news. the company has given the government little choice but to refer the proposed takeover to competition authorities. >> it will mean that the competition commission will be able to give further full and exhaustive consideration of this merger taking into account all relevant recent developments. >> this takes the decision whether news corp can take over bskyb away from politicians and slows the whole process down. >> it's obviously politically unexpedient to allow the takeover to go through and the government have got to find a way of delaying it. this is their way of delaying it, the fig leaf for delay before bs
Jul 14, 2011 4:00pm PDT
. the fbi has opened an investigation into allegations that murdoch's news corp. saw to hack into the phones of september 11 victims. we start tonight's coverage with this report from our deputy political editor. >> parliament has costumed the news of the -- to answer the questions of the mp's of why so many were hacked. >> my message to rebekah brooks is do the decent thing. it cannot hide away from this level of public english. >> they were reluctant witnesses. they told the committee he could not attend the future session. james murdock said he could not come. rebekah brooks said chiappone -- welcome the opportunity to do so but would not discuss anything that relates to the ongoing police investigation. the talk was of a formal summons. the threat had worked. they change their minds but they would now be coming to answer m.p.'s questions. in the second letter, james murdock said we're running to confirm our attendance by -- and concerned where are asked to yet answer further questions in a form on top of the judge let inquiry and the police investigation. whatever the form, the questions
Jul 7, 2011 12:30am PDT
, the tabloid newspaper at the center of a hacking scandal. news corp. said it would be absolutely appalled and horrified if the allegations prove true. its owner, rupert murdoch, has ordered full cooperation with the police investigation. >> yes, there was even worse to come. the relatives of soldiers killed in iraq and afghanistan have been warned their funds may have been hacked. they joined the families of those whose loved ones were blown apart on 7/7. >> my mind went back to 2005 and the emotional turmoil that we were in. and that somebody was listening to that, it is a violation. >> also on the list of possible targets, the parents of wholey and jessica. and of course, the parents of those who were given false hope that she was still alive when her voice messages were deleted after her phone was allegedly attacked. last night, the prime minister returned from afghanistan to learn of the brewing storm. >> yes, we it -- we do need to have an inquiry into what happened. we're no longer talking about politicians and celebrities. we're talking about murder victims, potentially terrorist v
Jul 20, 2011 1:00am PDT
the hearing. news corp stock jumped by 5.5% on the nasdaq to $16.25 following an extended decline over the past two years. felicia taylor measures the impact this scandal has had on news corp's bottom line. >> it was a long day of testimony before parliament and a long day for investors listening for any clues as to what might be happening at murdoch's empire. we didn't hear any surprises. that lack of uncertainty was good for the stock price. it went up about 5.5% in trading. also the coo was listening very carefully. i had a chance to talk with chase kerry and he said he thought they did a good job. i had the clans to ask whether or not he would be the one to take over as ceo. at which point he giggled and said had some fun. the good news for news corp is that the television division is the one that matters the most. that is not involved in this phone hacking scandal that we know of yet. that's what investors like. that's the revenue stream that will continue. people aren't going to stop watching fox news or fox sports simply because of this newspaper scandal. however, when it comes
Jul 16, 2011 11:00pm EDT
the scandal. some say news corp should be worried about its image in america as well. >> the entire british public is engaged and what they're concerned about, what they ought to be concerned about is whether or not the american public gets engaged. if that happens, yeah, i think then you should start writing news corp's habit areas. >> news corp is the parent company of fox 5 news. >>> right now, the news edge is everywhere at 11. more unrest in the egyptian government. the egyptian foreign minister resigned today as public pressure demanding government reform intensifies. and egypt's prime minister promised to reconstruct the egyptian cabinet and demand the quicker government changes. secretary of state hillary clinton is in greece tonight and is scheduled to meet with the greece president and prime minister. their discussions are expected to focus on greece's current economic crisis. the european union is working on a new bailout package to help greece avoid an economic default. >>> president obama met with the dalai lama today. he held a 45-minute private session with the tibetan spiri
Jul 23, 2011 5:00am EDT
of news corp. had hacked sbo its come computer system on repeated occasions to steal information for competitive reasons. now that's come computer hacking. it's not phone hacking. the question is it part of a broader pattern of conduct here. >> on our shores? >> on our shores. if in fact proouch there would be a u.s. jurisdiction hook, which is something prosecutors in the united states would need. now, look, this is still in an early stage. there's a lot of moving pieces to this and there's a lot we don't know. the central allegation that trigger attorney general holder's directive last week was the claim that 9/11 victims in the united states had their phones hacked. as of now, we have no hard evidence that anything like that took place. we have one report from a rival newspaper in britain based on anonymous sources that this was done. nothing concrete. >> as i read your report on the new jersey case and just a hunch, but to me it said perhaps this is doj trying establish a beachhead in the united states to find out if there were some pervasive practice where this were taking p
Jul 15, 2011 7:00am EDT
but her offer to resign last week was declined by news corp. today the company accepted. meanwhile, brooks' former boss, rupert murdoch, has gone on the defensive choosing to talk to one of his own papers if in an interview with the "wall street journal," he said the damage done to news corp's reputation are irresist viable. murdoch pledged to investigate any charges of wrong doing and defended his son james, the deputy chief operating officer. i think he acted as fasts he could, the moment he could. as for how the scandal was effecting him personally, murdoch said he was getting annoyed. i'll get over it. i'm tired. murdoch will need his rest, next tuesday the 80-year-old, his son james, and rebecca brooks will be in the hot seat taking questions on the phone hacking scandal from the british parliament. the murdoch's originally said they wouldn't attend what is bound to be a grilling, triggering a strong rebuke. >> my message to, you know, to rebecca brooks, the murdoch, is just do the decent thing. >> reporter: within hours political pressure led to a sflip flop. now all three say they w
Jul 19, 2011 5:00am EDT
of selection from members of parliament. they will begin by questioning the news corp. chief rupert murdoch and his son james. it will ask the former chief executive rebekah brooks to give testimony. they want to find out how much they knew about phone hacking. there has been a lot of speculation about what will emerge. will there be grandstanding or probing? -- about 80 people are inside of this room. rupert murdoch needs to police -- please not only his shareholders but his network from the world. a lot of focus has been on his business dealings. >> for more than four decades, his newspapers have been calling british politicians to change. today, the tables will be turned. rupert murdoch is a reluctant witness before the committee. among the numerous questions he faces is when exactly did he know the scale of the alleged phone hacking. his son james will be challenged of allocations over an attempt to cover up. why did he authorize payments to some victims of hacking to buy their silence? and the former chief executive will be asked to explain what she meant when she told an organization
Jul 19, 2011 9:00am EDT
on that coming up. >> thank you. >>> now to the developing phone hacking scandal rocking britain news corp. chairman rupert murdoch and former newspaper editor rebecca brooks preparing to give testimony to a particle meantry panel in the next half hour british lawmakers are expected to grill them on allegations reporters hacked into phone messages. >> rupert murdoch might be late his car was surrounded by a mob outside earlier and he had to turn back a top london police chief has been answering questions over an hour we are joined by wisdom martin with the latest on what is happening in england. >> well, this keeps growing, all eyes on particle meantry enchoir for the much antis -- enquiry for the much anticipated executives we are waiting for murdoch's son jamess in charge of news corp.'s european operations and mr. murdoch himself. rebecca brooks who resigned as editor of news international newspaper is scheduled to testify next hour. >>> a second resignation from scotland yard, followed one from sunday. they said staying on would be a distraction. >>> during the last hour the commission
Jul 19, 2011 5:30am EDT
. we even have reports yesterday that some members of the board of news corp. are looking at replacing him. i'm not sure how they can do that. but the very fact that that's come up is absolutely an astounding reversal for a man who was receiptly citizen cane. >> news reports, coo, to succeed rupert murdoch. are we hearing anything from news corp. about chase carey? >> we're hearing from the, independent board members, independent directors they're called of news corp., making a statement today, very brief statement saying that they fully back rupert murdoch. so backing off from those reports. but you know, peter, so many, especially the biographers of rupert murdoch, those who know him well, are saying the name, the family, the brand, is just too tainted now. it's irreparable. >> one final thought, "the guardian" newspaper where you are is also reporting as we've been scanning the wires, that british police found a bag of trash near rebekah brooks' home that i think it reported contained a computer, a phone, and paperwork. do we know anything more about that? as the woman who first res
Jul 7, 2011 6:30pm PDT
of the towards biggest media moguls, rupert murdock's news corp. will shut down its british tabloid "news of the world." that paper may not be on your news stand, but it is a best seller in the u. k. with almost 3 million subscribesers. the decision to close it comes after revelations the paper hacked into cell phone voice mails celebrities, royalty, and a teen-age murder victim. pressure has been building with big advertisers like ford and virgin pulling their business. and even the british prime minister calling for an investigation. paul la monica is author of inside rupert's brain, he joins us from new york. so, paul, murdock has never been known to back down from controversy. why do you think he did it this time? >> i think it's a calculated gamble that he needs to take, because news corp. is also at the same time trying to convince the british government that it should be allowed to buy the rest of the cable distributor there. it's something that he's been craving for a while. they own a minority stake in it right now, and i think he probably realizes that the last thing that his co
Jul 19, 2011 12:00am EDT
heard of, news corp. they decided they wanted to get into the floor ad game. they had a u.s.-based company that was already involved in the supermarket advertising business. but it really wanted in on those awesome floor ads. the only problem for the big rupert murdoch owned news america, was that this small new jersey company, floor graphics, was dominating this market. you say problem, news corp says opportunity. news corp. set its sights on taking this little company down. they had the right guy to do it, according to a fortune magazine profile, he is similar to carlucci, who once tried to motivate his sales team by taking a baseball bat and crushing it. rupert murdoch's news america began to play hardball with floor graphics so so much so that in 2006 floor graphics had enough, filed an unfair news practice against news america. >> computer espionage. hacking. where have i heard this before? this complaint filed in new jersey federal court in 2006 accuses rupert murdoch's american supermarket services company of repeatedly and systematically hacking into their computer
Jul 18, 2011 5:30pm PDT
our london bureau this evening. thank you. >> murdoch's news corp. is an american company, and, thus, the scandal unfolding overseaed could have a huge effect over here. michael izikopf is with us with more on that. good evening, michael. >> good evening, brian. there are new signs tonight that the british phone hacking scandal is creating growing legal and financial troubled for one of the biggest and most powerful media companies in the world. rupert murdoch's news corp is a media giant that has brought moviegoers titanic and "avatar and cable viewers everything from the fox news network to the national geographic channel, but now the $39 billion corporate empire is facing its biggest crisis ever. the escalating scandal in great britain has already spilled over to u.s. shores. in two weeks the company's stock has dropped 21%, an $8 billion plunge in the market value. late last week, a top murdoch aide for decades and publisher of the most prestigious newspaper, "the wall street journal," resigned. there are damage signs that the damage from murdoch could spread. >> up until now, th
Jul 18, 2011 6:00pm PDT
to address several constituencies. one is news corp investors, and print is a losing proposition, and news corp has not made a transition to the digital domain with any of their newspapers, starting with "the sunday times" of london. even "the wall street journal" is still margin allally profita venture, which he way overpaid by several million dollars. in the uk he is seenpy politicians and regulators by dominating the media with his heavy, de facto control interest in sky news and bskyb, and the major national dailies. so it's a matter of public record, piers, that eight weeks before this whole shakespearean drama hit the headlines, rupert and senior managers were meeting with advisers and financial managers to explore the possibility of selling the entire conglomeration of newspapers. that is probably going to be inevitable now, and who knows whether "the wall street journal" and "new york post" will be included. >> jessica reef cohen, your firm was involved with the purchase of bskyb. was your reading that murdoch was going to sell his newspaper division? >> we have no idea. we really
Jul 13, 2011 12:00pm EDT
top british politicians are now turning their eye on his media empire, news corp.. >> with the ink barely dry on the final edition of "news of the world," rupert murdoch traveled to the u.k. to manage the damage control personally. he has unqualified support for rebecca brooks, former editor of the paper and a trusted executive at news corp.. smiles for the cameras but calls for her to resign are growing louder. one of the most out to allegations is the phone hacking of a 13-year-old murder victim. the charismatic redhead was the editor of "news of the world"at the time. >> if she goes, that puts the spotlight on report murdoch's son james. she is a lightning conductor. >> james murdoch is the head of the international arm of news corp. but is widely seen as his father's heir apparent. >> they cannot deny responsibility. >> brooks coins to her jobs as hundreds of employees have lost theirs. there's a promise that news corp. will do its best to find them new positions. there could be 12 more arrests in this case in the coming days. there is evidence that news corp. is being hurt by
Jul 19, 2011 12:00pm EDT
that allegation are you absolute confident that no employee or contractor of news corp. or any of its properties hacked the phones of 9/11 victims? or their families? >> we have no evidence of that at all. >> have any incredible allegations -- i see you hesitating. >> i was going to say that those are incredibly serious allegations and they've come to light very recently. we do not know the voracity of those allegations and are trying to understand precisely what they are and any investigations. i was in -- i remember well as awe of us do the september 11th attacks. i was in the far east living there at the time. and it is just appalling to think that anyone associated with one of our papers would have done something like that. i'm awir of no evidence about that. i'm well aware of the allegations and will eagerly cooperate with any investigations or try to find out what went on at that time. this is very, very new allegations just a few days old, i think. but they're very serious allegations and that sort of activity would have absolutely no place. it would be appalling. >> from the information
Search Results 0 to 49 of about 1,393 (some duplicates have been removed)